Road Haulage Market 2023 Driving Factors Forecast Research 2029

Road haulage market is anticipated to grow at a CAGR of 5.5% during the forecast period. A significant rise in the global production of trucks is supplementing the rising freight demand from industries such as retail and manufacturing. Additionally, trucks are the most flexible, responsive, and economical mode of freight transport preferred by distributors for the transportation of a variety of goods, which is further propelling the market growth. There are various technological advancements such as vehicle-to-vehicle communication, integrated supply chains, remote diagnostics, and autonomous driving are transforming the logistics industry, which, in turn, is fueling the global demand for road haulage services. Governments have implemented policies to support the growth of the logistics industry, including deregulation and the reduction of trade barriers. For instance, in Europe, the Single Market Act was adopted in 2011, aimed at creating a seamless and integrated European market. This initiative has led to increased cross-border trade and created opportunities for road haulage companies to expand their operations. However, factors such as a massive shortage of heavy vehicle drivers and the high exposure of drivers to road traffic injuries are limiting the market growth. Moreover, the environmental impact of internal combustion engine emissions and the need to adhere to stringent emission norms are expected to challenge market growth.

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The global road haulage market is segmented based on type, vehicle type, and application. Based on type, the market is bifurcated into domestic road haulage and international road haulage. By vehicle type, the market is bifurcated into light commercial vehicles and heavy commercial vehicles. Further, by application, the market is sub-segmented into mining and construction, oil and gas, food and beverage, retail, manufacturing, healthcare and automotive. Among these, the food & beverage sub-segment accounted for the dominant share of the market during the forecast period. This can be attributed to the rising demand for perishables such as fruits, vegetables, and other commodities around the globe.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Road Haulage Market by Type
o Domestic Road Haulage
o International Road Haulage
Global Road HaulageMarket by Vehicle Type
o Light Commercial Vehicles (LCVs)
o Heavy Commercial Vehicles (HCVs)

Global Road Haulage Market by Application
o Mining and Construction
o Oil and Gas
o Food and Beverage
o Retail
o Manufacturing
o Healthcare
o Automotive

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o ArcBest Corp.
o DHL
o Estes Express Lines
o FedEx Corp.
o Gosselin Group
o J.B. Hunt Transport ,Inc.
o Knight Swift Transportation Holdings Inc.
o Landstar System, Inc.
o Marten Transport, Ltd.
o Monarch Transport Corp.
o P.A.M. Transportation Services Inc.
o Roadrunner Freight
o Schneider National, Inc.
o SLH Transport Inc.
o Swift Transportation
o UK Haulier
o Werner Enterprises
o XPO, Inc.

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global road haulage market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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